what is ULIP? WHO WILL DEAL IN THIS?



what is ULIP? WHO WILL DEAL IN THIS?
Rate these answers

5 Replies to “what is ULIP? WHO WILL DEAL IN THIS?”




  1. ULIP stands for Unit Linked Insurance Plan. The following link explains about ULIP.

    http://en.wikipedia.org/wiki/Unit_Linked_Insurance_Plan

    It is the most popular type of insurance plan. In India ULIPs constitute 85% of insurance business. It being an insurance plan comes uder the jurisdiction of IRDA. After remaining silent for 10 years, now SEBI is claiming its jurisdiction over ULIP. It has led to tussle between IRDA & SEBI. Finally it seems court will decide who is right.


  2. ULIPS( UNIT LINKED PENSION PLANS) are frquently sell by most of the insurance companies….Today almost 80% insurance companies are selling ULIPS……….ULIPS give you better return, life cover,capital appreciation and tax savings in ELSS……………………To deal in this firstly you should read as much as you can read about it and should compare the different UILP plans of different companies and should choose the best one which suits your requirements……The est ULIP is that which gives you following aspects:
    LIFE COVER
    LONG TERM INVESTMENT
    KNOWN FEATURES
    KNOWN CHARGES

    The cahges which incurred in ULIPS are following:
    MORATILITY CHARGES
    RIDER CHRAGES
    PRIMIUM ALLOCATION CHARGES
    ADMINSTRATIVE CHARGES

    You can not purcharse ULIP dircetly for this you should have to contact with agents.





Leave a Reply

Your email address will not be published. Required fields are marked *